CONFERENCE COMMITTEE REP. NO. 6-22

Honolulu, Hawaii

, 2022

RE: S.B. No. 2808

S.D. 1

H.D. 1

C.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Thirty-First State Legislature

Regular Session of 2022

State of Hawaii

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-First State Legislature

Regular Session of 2022

State of Hawaii

Sirs:

Your Committee on Conference on the disagreeing vote of the Senate to the amendments proposed by the House of Representatives in S.B. No. 2808, S.D. 1, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE HAWAII TECHNOLOGY DEVELOPMENT CORPORATION,"

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

The purpose of this measure is to appropriate funds to the Hawaii Technology Development Corporation for the State Small Business Credit Initiative Program.

Your Committee on Conference finds that the State Small Business Credit Initiative Program is a program that will provide federal funds in three tranches over the next seven years for states to expand and develop certain programs to provide access to capital for small businesses. Your Committee on Conference further finds that this measure is essential for small businesses to not only recover from the economic effects of the coronavirus disease 2019 pandemic, but to grow and expand within the State.

Your Committee on Conference has amended this measure by:

(1) Inserting an appropriation of $500,000; and

(2) Making it effective on July 1, 2022.

As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of S.B. No. 2808, S.D. 1, H.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 2808, S.D. 1, H.D. 1, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE HOUSE

ON THE PART OF THE SENATE

____________________________ SEAN QUINLAN Co-Chair	____________________________ GLENN WAKAI Chair
____________________________ DANIEL HOLT Co-Chair	____________________________ DRU KANUHA Co-Chair
	____________________________ BENNETTE MISALUCHA Co-Chair